In client discussions, when the subject of life insurance comes up, clients often ask why they need it.
As our dialogue continues, I introduce them to participating life insurance which combines lifetime coverage with a tax-advantaged cash value component. I explain that life insurance can be used for more than just addressing one’s last expenses or income replacement.
It has been said that the best investment is the one that is worth the most, when you are worth the least.
Participating Life Insurance can be structured to enhance retirement income; it can be structured to work like an annuity; it can be used as vehicle to enhance one’s philanthropic vision and planned giving strategy; it can be used to provide cash should you be in need of money if you were to fall critically ill or be in need of long term care; it can be used to supplement a share holder’s agreement or partner buy out, and much more.
Instead of looking at life insurance in terms whether of not it’s needed, why not consider how you can use participating life insurance as part of your financial security plan for more life insurance protection. Please contact me to learn more.